While Performing an Audit on the Internal Controls Over Financial

question 6

Essay

While performing an audit on the internal controls over financial reporting for AirWaves Corporation, your audit team finds what it considers to be a significant deficiency. AirWaves is a large, private company. What steps would you take to communicate this finding?

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Definitions:

Preconceived Notions

Ideas or opinions formed before having the evidence for their truth or usefulness, often based on stereotypes or initial impressions.

Behaviors

The actions or reactions of individuals or groups in response to external or internal stimuli.

Followers

Individuals who support and are guided by a leader or subscribe to a particular doctrine, cause, or person.

Leadership Styles

Various approaches to leading a team or organization, ranging from authoritarian to democratic to transformational leadership.